Whether you’re heading to the turquoise shores of Phuket or the buzzing streets of Bangkok, getting your money sorted is one of those practical things you don’t want to leave until the last minute. For most travelers, that means figuring out currency exchange in Thailand—something that’s easy to overlook until you realize your home bank’s exchange rate is more “ouch” than “wow.”
In this post, we’re breaking down what you really need to know to make the most of your money while in Thailand—no jargon, no fluff, and definitely no sales pitch.
The Real Deal with Exchange Rates
Let’s start with the basics: the exchange rate isn’t just a number. It’s the hidden variable that can either stretch your budget or silently eat into it. For example, in April 2025, exchanging Russian rubles (RUB) to Thai baht (THB) offers different rates depending on how you do it. Cards like Tinkoff or Sberbank yield better returns than straight-up cash, but only if you’re below the 30,000 RUB threshold—above that, things change.
And it’s not just RUB. USD, EUR, GBP, and other major currencies also have variable rates depending on the bill denomination. Smaller bills? Expect a less favorable rate. A crisp $100 note often fetches a better exchange value than a $5.
Cash or Card? Here’s What Locals (and Veterans) Recommend
You’ve got options: ATMs, exchange counters, bank branches, and even digital apps. But not all are created equal.
- ATMs are convenient, but foreign card fees plus exchange markups can stack up quickly.
- Exchange counters often offer better rates—especially independent licensed offices in tourist hubs like Phuket or Chiang Mai.
- Digital transfers from Russian or Ukrainian cards to THB are available at certain services, sometimes even allowing delivery of physical cash or bank account crediting.
One standout trend in Thailand is how common it’s become to receive baht via QR code-based systems. It’s fast, secure, and often bypasses the ATM fees.
Watch Out for These Common Pitfalls
- Weekend rates are often worse. Try to exchange on weekdays if possible.
- Some banks and airport kiosks inflate their margins. Compare rates beforehand using tools or local websites.
- Counterfeit concerns? Always use licensed money exchange offices—there’s a list of them online, and they’ll provide documentation if needed.
Where to Exchange in Phuket and Bangkok
You’ll find reliable exchange offices scattered throughout the islands and city centers—from Rawai and Kata Beach in Phuket to the Sathorn district in Bangkok. Many locations also support special services like home delivery or international remittances via SWIFT/SEPA.
Pro tip: If you’re planning to exchange large amounts or need flexibility (e.g., for real estate or visa payments), some services even offer tailored options with documentation support.
Helpful Link
For those looking to plan ahead or just check today’s rates, here’s a handy reference for currency exchange in Thailand that updates frequently and covers most common currencies.
Final Thoughts
Thailand is known for its hospitality, but don’t let your travel budget get caught in a tangle of bad rates and hidden fees. A little knowledge goes a long way—especially when it helps you enjoy more mango sticky rice or a longtail boat ride without financial friction.
So before you pack your bags, pack this advice with you too.